Still, the company has shown that it is capable of turning profitable and going from net loss to net profits, both over a million. The next quarter will probably show whether the company has grown in a profitable way and will truly be able to keep turning steady, increasing revenue while keeping expenses down.
The results of operations announcement seems to have triggered less than expected price movement. In yesterday's trading MJNA closed 10% up, reaching $0.127 at the bell. Peer marijuana company Hemp, Inc. (PINK:HEMP) closed 20% up at a little under 6 cents.
When trading OTC stocks, investors are advised to keep in mind the high risk involved and to be very thorough with their research and due diligence. The penny stock market is a particularly dangerous field compared to higher-tier markets.